§ Mr. Kenneth Baker
have nothing to add to the statement that I made last Monday, which has received a wide welcome.
§ Mr. Eggar
Is my hon. Friend aware that the report is particularly welcome for the clear and concise way in which it sets out the options? However, is there not a danger that the RPI minus x formula, which in many ways is the key recommendation of the report, assumes that BT at present has an appropriate level of efficiency and, what is more, that there will not be significant cost reductions in equipment? Should there not be reserve powers for either the Director General or the MMC to look into the cost structure of BT if necessary?